Is Chipotle Stock Wildly Overvalued in 2023?
If there's any important takeaway investors should have gotten from the past few years, it's just how resilient Chipotle Mexican Grill's (NYSE: CMG) business really is. As of this writing, Chipotle stock currently trades at a price-to-earnings (P/E) ratio of 56, which is more expensive than restaurant peers like Starbucks and Domino's Pizza. At this level of scale, Chipotle's annual revenue would be $21 billion.